• Skyldusparnaður
  • Viðbótarsparnaður
  • Ávöxtun
  • Lán
  • Launagreiðendur
  • Almenni Pension Fund
  • Investment plans
  • Loans
  • About Almenni

Suitability

Almenni Pension Fund offers its members indexed and non-indexed loans against a mortgage in a property.

  • To be able to apply for a loan, the member must be an active fund member (which means that the member has for the last 3 months paid to the mutual insurance fund or for the last 2 years paid to the private account) or he is receiving a pension from the fund.
  • The fund offers its members indexed or non-indexed loans in the amount up to 50.000.000 ISK:
    • Indexed loans are indexed to the Icelandic Consumer Price Index. Members can choose between a loan with a fixed interest rate or with variable interest rate. The loan term can be from 5 to 40 The loan repayment can be either fixed amortizations or fixed payments (annuity).
    • The non-indexed loan’s interest is fixed for 36 months at a time. The loan term can be up to 40 years. The repayment can be either fixed amortizations or fixed payments (annuity).
  • Loans are granted against a mortgage in a property owned by the member or co-owned with a spouse or third party. Existing mortgage, in addition to the Fund´s loan, may not exceed 70% of the property value (which is determined either by the purchase price or property value as determined by the Registers Iceland).
  • Click the links below to find information and an application. As they are in Icelandic, we encourage you to contact us for further information and assistance via e-mail: almenni@almenni.is or phone: 510-2500. You can also visit us weekdays between 9 am and 4 pm at Borgartún 25, 5th floor.

Terms

The fund offers its members indexed or non-indexed loans in the amount up to 50.000.000 ISK:

  • Indexed loans are indexed to the Icelandic Consumer Price Index. Members can choose between a loan with a fixed interest rate or with variable interest rate. The loan term can be from 5 to 40 The loan repayment can be either fixed amortizations or fixed payments (annuity).
  • The non-indexed loan’s interest is fixed for 12 months at a time. The loan term can be up to 40 years. The repayment can be either fixed amortizations or fixed payments (annuity).

Mortgages

Loans are only granted against a mortgage.

  • Mortgage has to be a property owned by the member or co-owned with a spouse or third party.
  • Existing mortgage, in addition to the Fund´s loan, may not exceed 60%-70% of the property value (which is determined either by the purchase price or property value as determined by the Registers Iceland) depending on whether the property is pledged against other loans and in what order.

Click here for further  information about loans and here to fill out an application. As they are in Icelandic we encourage you to contact us for further information and assistance via e-mail: almenni@almenni.is or phone: 510-2500. You can also visit us weekdays between 9 am and 4 pm at Borgartún 25, 5th floor.